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Texas oil lease

Producing

FAYTH 38X

Fayth 38X is an oil lease in Midland County, Texas, operated by Ovintiv USA Inc. in the Spraberry (Trend Area) field.

3 wells

57,058bbl oil, last 12 months−5% vs prior year
Operator
Ovintiv USA Inc.
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-50932

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
121,507 mcf
Oil in Jul 2026
4,201 bbl

Production by month

Oil output fell 5% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 5% over the last 12 monthsMonthly oil production and gas for FAYTH 38X, Aug 2023 to Jul 2026. Oil output fell 5% over the last 12 months. 57,058 bbl in the 12 months through Jul 2026, against 60,324 bbl in the 12 months before.Last 12 months: 57,058 bblbbl per monthmcf per month002,50020k5,00040k7,50060k10k80kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 5% over the last 12 monthsMonthly oil production and gas for FAYTH 38X, Aug 2023 to Jul 2026. Oil output fell 5% over the last 12 months. 57,058 bbl in the 12 months through Jul 2026, against 60,324 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,50020k5,00040k7,50060k10k80kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission line

Flaring peaked at 17.5% of the gas in Jun 2025.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission lineShare of FAYTH 38X gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 17.5% of the gas in Jun 2025.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2026: line to plantFlared 17.5%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission lineShare of FAYTH 38X gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 17.5% of the gas in Jun 2025.Share of gas by disposition code0%50%100%Jul 26: line to plantFlared 17.5%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    76% · 92,622 mcf

  • Transmission line (2)

    23% · 27,373 mcf

  • Lease fuel (1)

    0.7% · 861 mcf

  • Flared (4)

    0.5% · 651 mcf

0.5% of the gas flared in the last 12 months. 4 months above 3%.

Who has run this lease

The operator changed once, most recently in Feb 2020

Operators of this lease over timeEncana Oil & Gas(usa) Inc., Jan 2020 to Jan 2020; Ovintiv USA Inc., Feb 2020 to Jul 20262020202120222023202420252026Changed Feb 2020Encana Oil & Gas(usa) Inc.Jan 2020 to Jan 2020Ovintiv USA Inc.Feb 2020 to now
Operators of this lease over timeEncana Oil & Gas(usa) Inc., Jan 2020 to Jan 2020; Ovintiv USA Inc., Feb 2020 to Jul 20262020202120222023202420252026Changed Feb 2020Encana Oil & Gas(usa) Inc.Jan 2020 to Jan 2020Ovintiv USA Inc.Feb 2020 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

3 wells on this lease

Wells on FAYTH 38X
API numberWell no.Status
42-329-424108HFActive
42-329-424119HCActive
42-329-4448512HLActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Medallion Operating Company, LLCOilGathers100Aug 28, 2018
Energy Transfer CompanyCasinghead gasBuys100Aug 28, 2018
Energy Transfer CompanyCasinghead gasGathers100Aug 28, 2018

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oilOil price check

1,375.50 acres on the newest permit

An allocation well is on this lease

Permits for Fayth 38X
API numberWell no.Acreson the permit
42-329-4448512HL1,375.50
42-329-424108HF1,375.50
42-329-424119HC1,375.50

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Unit decimal checker

What Ovintiv Inc. told investors it received

Ovintiv USA Inc. is linked to Ovintiv Inc. (OVV).
Realized prices reported by Ovintiv Inc.
QuarterOil$ per bblFiling
Q2 2026$100.69SEC filing
Q1 2026$72.62SEC filing
Q4 2025$59.55SEC filing
Q3 2025$66.22SEC filing
Q2 2025$64.50SEC filing
Q1 2025$71.79SEC filing

SourceOvintiv Inc. quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for FAYTH 38X
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Ovintiv USA4,2014,21010,46010,40713$80.46$2.89
Jun 2026Ovintiv USA5,3425,34627,24827,16923$84.81$3.15
May 2026Ovintiv USA5,2815,34726,48726,4200$102.13$2.94
Apr 2026Ovintiv USA5,6265,58714,62314,5560$100.32$2.77
Mar 2026Ovintiv USA5,8335,80210,45810,34349$91.38$3.04
Feb 2026Ovintiv USA4,6564,6967,9627,85153$64.51$3.62
Jan 2026Ovintiv USA4,9595,1094,6694,182423$60.04$7.72
Dec 2025Ovintiv USA5,6515,4616,1456,0690$57.97$4.26
Nov 2025Ovintiv USA4,4804,4684,8344,74414$60.06$3.79
Oct 2025Ovintiv USA4,2624,2644,7424,61720$60.89$3.19
Sep 2025Ovintiv USA3,6093,6122,6962,56116$63.96$2.97
Aug 2025Ovintiv USA3,1583,1381,1831,07640$64.86$2.91
Jul 2025Ovintiv USA1,4891,47542837552$68.39$3.20
Jun 2025Ovintiv USA7859041,3331,084233$68.17$3.02
May 2025Ovintiv USA4,5974,63115,33715,17965$62.17$3.12
Apr 2025Ovintiv USA4,5934,55416,18715,780320$63.54$3.42
Mar 2025Ovintiv USA4,4604,46027,91427,78524$68.24$4.12
Feb 2025Ovintiv USA5,7315,73333,46433,3890$71.53$4.19
Jan 2025Ovintiv USA6,8336,81338,24338,1650$75.74$4.13
Dec 2024Ovintiv USA6,5416,58139,42239,3420$70.12$3.01
Nov 2024Ovintiv USA6,6866,62340,14540,0660$69.95$2.12
Oct 2024Ovintiv USA6,3866,41538,53138,4590$71.99$2.20
Sep 2024Ovintiv USA6,0576,03238,05737,9830$70.24$2.28
Aug 2024Ovintiv USA6,1666,18837,96237,8881$76.68$1.99
Jul 2024Ovintiv USA6,9716,95143,27442,919275$81.80$2.07
Jun 2024Ovintiv USA6,2146,24535,01934,9443$79.77$2.54
May 2024Ovintiv USA6,1766,14738,01537,648290$80.02$2.12
Apr 2024Ovintiv USA6,0916,09931,05230,9801$85.35$1.60
Mar 2024Ovintiv USA7,8187,80941,05740,9800$81.28$1.49
Feb 2024Ovintiv USA7,4077,38436,61836,5500$77.25$1.72
Jan 2024Ovintiv USA6,6016,63633,50433,4370$74.15$3.18
Dec 2023Ovintiv USA8,5078,52344,86044,7830$71.90$2.52
Nov 2023Ovintiv USA8,5148,50642,15842,02754$77.69$2.71
Oct 2023Ovintiv USA7,3627,32942,46842,175216$85.64$2.98
Sep 2023Ovintiv USA8,2978,32949,18349,1040$89.43$2.64
Aug 2023Ovintiv USA8,6098,57951,42651,3520$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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Nearby

This lease belongs to

OperatorOvintiv USA Inc.FieldSpraberry (Trend Area)CountyMidland County

Ovintiv USA Inc. in Midland County

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Spraberry (Trend Area) field

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